Focus Features Leads Oscar Buzz at Telluride With Hamnet and Bugonia

Focus Features killed it in Colorado with two “Jesses” and one Emma Stone.

On the ground, the story of what resonated — or flopped — at the Telluride Film Festival can look far different from the headlines. Still, one fact was hard to miss: Focus Features reigned over the mountains with Yorgos Lanthimos’ kaleidoscopic “Bugonia” and Chloé Zhao’s devastating “ Hamnet ,” both receiving near-universal acclaim from critics and festival-goers.

Telluride has long been a launchpad for eventual Oscar juggernauts. Recent alumni include Barry Jenkins’ “Moonlight,” Zhao’s “Nomadland” and Guillermo del Toro’s “The Shape of Water.” If this year’s best picture winner was present in the Rockies, Zhao’s adaptation of Maggie O’Farrell’s bestselling novel feels like the strongest candidate. A win would